Answer Happy

Qolcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below 0.000 532.000 Quilcone Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) Revenue (54.000) Expenses Packing supplies (50.500) Oyster bed maintenance (53,200) Wages and salaries (52.900 + 50.300) Shipping (50.600) Utilities ($830) Other ($450 + 50.05) Total expense Net operating Income 4,000 3,200 5.300 6,400 8.30 350 20.580 $ 11,420
The actual results for August were as follows: 8,000 $ 35, 200 Quilcene Oysteria Income Statement for the Month Ended August 31 Actual pounds Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating Income 4,280 3,100 5,640 6,950 810 980 21, 680 $ 13,520
Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating Income